Bitcoin Rally Sparks XLM Momentum

The driving force was Bitcoin's breakout past $87,000 in early Asian trading on Monday, April 21.

An upward spike of 7% in 24 hours suggests to investors that Stellar XLM is once again on the move, along with the rest of the crypto market, with bullish sentiment. The driving force was Bitcoin’s breakout past $87,000 in early Asian trading on Monday, April 21.

As the king of crypto paves the way for the masses, notable price increases and substantial trading volume jumps have been realized in "altcoins," such as Stellar. The recovery is further assisted by macroeconomic catalysts, such as a falling US Dollar Index and rising gold, leading investors to return to risk, a benefactor of the rise in XLM price.

At the time of writing and trading at $0.2567, Stellar (XLM) is up 6.51% in the past 24 hours and 4.81% in the past 7 days.

Bitcoin Rally Sparks XLM Momentum

Bitcoin's push past the $87,000 setpoint has injected much-needed energy into the market, rendering in brisk gains in altcoins as they attempt to follow suit. Among the mid-cap tokens, Stellar XLM has emerged as one of the biggest beneficiaries, not surprising considering the strong correlation between Bitcoin and altcoins.

The 7% price increase marked one of the strongest single-day gains for XLM since early April. The rally pushed the token closer to its daily 50-day simple moving average (SMA) at $0.262, a level that has repeatedly acted as resistance since February. If Stellar can break through this barrier, it may open the door for further upside.

Stellar Outperforms XRP in Latest Price Battle

The historical comparison of Stellar vs XRP is not going away anytime soon, especially as the two coins share common origins with similar use cases for global payments, rendering them correlated in price movements. However, the increase in price of XLM has dwarfed that of XRP.

While XRP increased by a respectable 4% over the same period, Stellar jumped by 7%, which indicates a fresh influx of interest in the project. At press time, XRP was trading at $2.11, and while it maintained relative stability, it didn’t enjoy the same upward movement. This performance disparity has reopened the space to study Stellar's current fundamentals and surrounding sentiment from the investor community.

Chart 1- XLM/USD Live Price, published on TradingView, April 22, 2025

What's Next for Stellar?

Since April 16, Stellar has posted green candles in four out of five trading sessions, showcasing a consistent uptrend despite minor pullbacks. The dip seen on Sunday was quickly reversed with Monday's early session high touching $0.262, a key technical zone for traders watching the charts closely.

However, challenges remain. The $0.262 resistance, presenting the daily 50 SMA, must be broken with strong volume for a sustained rally. If XLM breaks past this mark, the next target could be near $0.280. But if resistance holds, we may see a consolidation phase or minor retracement before a fresh attempt.

Stellar Gathers Strength, But Can It Keep the Lead?

The 7% rally has firmly put Stellar XLM back on traders' radars, especially with Bitcoin setting new highs and market sentiment turning bullish. Stellar's outperformance against XRP signals growing confidence in the token's prospects. While this breakout is promising, the upcoming resistance tests will be crucial.

If trading volume continues to rise and macroeconomic tailwinds stay favorable, Stellar XLM could be positioned for a more sustained rally. For now, investors are watching closely, with $0.262 acting as the gatekeeper to the next phase of bullish action.